CPO stocks rise on higher production in October

KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks rose 2.63 per cent to 1.31 million tonnes in October 2022 from 1.28 million tonnes in the previous month on higher production, according to the Malaysian Palm Oil Board (MPOB).

In a statement today, it said processed palm oil inventory grew 5.11 per cent month-on-month (m-o-m) to 1.09 million tonnes from 1.04 million tonnes in September 2022.